Glassbridge Financials
This page shows Glassbridge (GLAE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Glassbridge has an operating margin of -3000.0%, meaning the company retains $-3000 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -6200.0% the prior year.
Glassbridge's revenue grew a modest 0.0% year-over-year to $100K. This slow but positive growth earns a score of 29/100.
Glassbridge carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Glassbridge's current ratio of 0.81 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.
Glassbridge passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Glassbridge generates $0.90 in operating cash flow (-$2.7M OCF vs -$3.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Glassbridge earns $-10.0 in operating income for every $1 of interest expense (-$3.0M vs $300K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Glassbridge generated $100K in revenue in fiscal year 2022. This represents an increase of 0.0% from the prior year.
Glassbridge reported -$3.0M in net income in fiscal year 2022. This represents a decrease of 110.3% from the prior year.
Glassbridge held $1.2M in cash against $3.9M in long-term debt as of fiscal year 2022.
Glassbridge had 25,170 shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.
Glassbridge's operating margin was -3000.0% in fiscal year 2022, reflecting core business profitability. This is up 3200.0 percentage points from the prior year.
Glassbridge's net profit margin was -3000.0% in fiscal year 2022, showing the share of revenue converted to profit. This is down 32000.0 percentage points from the prior year.
GLAE Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.3M+5.7% | $8.8M+8700.0% | $100K-99.1% | $11.3M-1.7% | $11.5M+8.5% | $10.6M-0.9% | $10.7M | N/A |
| Cost of Revenue | $0-100.0% | $4.7M-9.6% | $5.2M-16.1% | $6.2M-1.6% | $6.3M+6.8% | $5.9M-6.3% | $6.3M | N/A |
| Gross Profit | $0-100.0% | $4.1M+180.4% | -$5.1M-200.0% | $5.1M-1.9% | $5.2M+10.6% | $4.7M+6.8% | $4.4M | N/A |
| R&D Expenses | $0-100.0% | $2.2M-12.0% | $2.5M+4.2% | $2.4M-17.2% | $2.9M-9.4% | $3.2M-5.9% | $3.4M | N/A |
| SG&A Expenses | $1.0M-9.1% | $1.1M0.0% | $1.1M-84.9% | $7.3M+942.9% | $700K-12.5% | $800K0.0% | $800K | N/A |
| Operating Income | -$1.0M+9.1% | -$1.1M-10.0% | -$1.0M+80.4% | -$5.1M-628.6% | -$700K+12.5% | -$800K0.0% | -$800K | N/A |
| Interest Expense | $0-100.0% | $100K0.0% | $100K | $0-100.0% | $100K | $0-100.0% | $100K | N/A |
| Income Tax | $0 | $0 | $0-100.0% | $2.4M | $0 | $0 | $0 | N/A |
| Net Income | -$1.1M0.0% | -$1.1M0.0% | -$1.1M+94.9% | -$21.4M-2575.0% | -$800K-14.3% | -$700K+12.5% | -$800K | N/A |
| EPS (Diluted) | $-41.670.0% | $-41.66 | N/A | $-0.34+98.9% | $-30.30-14.3% | $-26.52-978.0% | $-2.46 | N/A |
GLAE Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.3M+71.3% | $13.6M-3.5% | $14.1M-3.4% | $14.6M-4.6% | $15.3M-4.4% | $16.0M-3.6% | $16.6M-3.5% | $17.2M |
| Current Assets | $4.1M+720.0% | $500K-50.0% | $1.0M-23.1% | $1.3M-35.0% | $2.0M-25.9% | $2.7M-18.2% | $3.3M-21.4% | $4.2M |
| Cash & Equivalents | $3.1M+1450.0% | $200K-66.7% | $600K-50.0% | $1.2M-36.8% | $1.9M-26.9% | $2.6M-18.8% | $3.2M-22.0% | $4.1M |
| Inventory | $5.5M+10.0% | $5.0M+16.3% | $4.3M+4.9% | $4.1M-10.9% | $4.6M-14.8% | $5.4M-16.9% | $6.5M-96.8% | $203.3M |
| Accounts Receivable | $6.0M+7.1% | $5.6M+5500.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100K |
| Goodwill | $3.8M0.0% | $3.8M0.0% | $3.8M0.0% | $3.8M0.0% | $3.8M0.0% | $3.8M0.0% | $3.8M | $0 |
| Total Liabilities | $17.5M+161.2% | $6.7M+9.8% | $6.1M+10.9% | $5.5M0.0% | $5.5M+1.9% | $5.4M+1.9% | $5.3M+3.9% | $5.1M |
| Current Liabilities | $2.2M-15.4% | $2.6M+23.8% | $2.1M+31.3% | $1.6M-5.9% | $1.7M0.0% | $1.7M+6.3% | $1.6M+6.7% | $1.5M |
| Long-Term Debt | $2.1M-48.8% | $4.1M+2.5% | $4.0M+2.6% | $3.9M+2.6% | $3.8M+2.7% | $3.7M0.0% | $3.7M+2.8% | $3.6M |
| Total Equity | $5.8M-15.9% | $6.9M-13.8% | $8.0M-12.1% | $9.1M-7.1% | $9.8M-7.5% | $10.6M-6.2% | $11.3M-6.6% | $12.1M |
| Retained Earnings | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B-0.1% | -$1.0B |
GLAE Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-325.0% | -$400K+33.3% | -$600K+14.3% | -$700K0.0% | -$700K-16.7% | -$600K+14.3% | -$700K+66.7% | -$2.1M |
| Capital Expenditures | $300K0.0% | $300K0.0% | $300K+50.0% | $200K-50.0% | $400K+300.0% | $100K0.0% | $100K-96.2% | $2.6M |
| Free Cash Flow | $2.8M+33.3% | $2.1M-47.5% | $4.0M+310.5% | -$1.9M+77.6% | -$8.5M-51.8% | -$5.6M+92.0% | -$69.6M-251.6% | $45.9M |
| Investing Cash Flow | $0+100.0% | -$100K+97.7% | -$4.3M | $0 | $0 | $0+100.0% | -$200K-102.9% | $7.0M |
| Financing Cash Flow | -$4.1M-441.7% | $1.2M-57.1% | $2.8M | $0 | $0+100.0% | -$200K0.0% | -$200K+90.5% | -$2.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $100K | N/A | N/A | $0 | $0-100.0% | $200K | $0 | $0 |
GLAE Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.0%-46.6pp | 46.6%+5146.6pp | -5100.0%-5145.1pp | 45.1%-0.1pp | 45.2%+0.9pp | 44.3%+3.2pp | 41.1% | N/A |
| Operating Margin | -29.0%+30.1pp | -59.1%+940.9pp | -1000.0%-954.9pp | -45.1%+21.8pp | -67.0%-12.2pp | -54.7%+98.5pp | -153.3% | N/A |
| Net Margin | 86.0%+144.0pp | -58.0%+1042.0pp | -1100.0%-910.6pp | -189.4%-127.6pp | -61.7%-8.9pp | -52.8%+798.6pp | -851.4% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.7%+3.4pp | -8.1%-0.3pp | -7.8%+22.2pp | -30.0%-24.8pp | -5.2%-0.9pp | -4.4%+0.4pp | -4.8% | N/A |
| Current Ratio | 1.86+1.7 | 0.19-0.3 | 0.48-0.3 | 0.81-0.4 | 1.18-0.4 | 1.59-0.5 | 2.06-0.7 | 2.80 |
| Debt-to-Equity | 0.36-0.2 | 0.59+0.1 | 0.50+0.1 | 0.43+0.0 | 0.39+0.0 | 0.35+0.0 | 0.33+0.0 | 0.30 |
| FCF Margin | 30.1%+6.2pp | 23.9%-17.8pp | 41.7%+58.5pp | -16.8%+57.1pp | -73.9%-21.1pp | -52.8%+597.6pp | -650.5% | N/A |
Note: The current ratio is below 1.0 (0.81), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Glassbridge's annual revenue?
Glassbridge (GLAE) reported $100K in total revenue for fiscal year 2022. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Glassbridge's revenue growing?
Glassbridge (GLAE) revenue grew by 0% year-over-year, from $100K to $100K in fiscal year 2022.
Is Glassbridge profitable?
No, Glassbridge (GLAE) reported a net income of -$3.0M in fiscal year 2022, with a net profit margin of -3000.0%.
How much debt does Glassbridge have?
As of fiscal year 2022, Glassbridge (GLAE) had $1.2M in cash and equivalents against $3.9M in long-term debt.
What is Glassbridge's operating margin?
Glassbridge (GLAE) had an operating margin of -3000.0% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Glassbridge's net profit margin?
Glassbridge (GLAE) had a net profit margin of -3000.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Glassbridge's operating cash flow?
Glassbridge (GLAE) generated -$2.7M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Glassbridge's total assets?
Glassbridge (GLAE) had $14.6M in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does Glassbridge have outstanding?
Glassbridge (GLAE) had 25,170 shares outstanding as of fiscal year 2022.
What is Glassbridge's current ratio?
Glassbridge (GLAE) had a current ratio of 0.81 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Glassbridge's debt-to-equity ratio?
Glassbridge (GLAE) had a debt-to-equity ratio of 0.43 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Glassbridge's return on assets (ROA)?
Glassbridge (GLAE) had a return on assets of -20.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Glassbridge's cash runway?
Based on fiscal year 2022 data, Glassbridge (GLAE) had $1.2M in cash against an annual operating cash burn of $2.7M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Glassbridge's Piotroski F-Score?
Glassbridge (GLAE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Glassbridge's earnings high quality?
Glassbridge (GLAE) has an earnings quality ratio of 0.90x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Glassbridge cover its interest payments?
Glassbridge (GLAE) has an interest coverage ratio of -10.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Glassbridge?
Glassbridge (GLAE) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.